Alphabet Inc. (NASDAQ:GOOGL)‘s stock had its “outperform” rating reissued by equities research analysts at Macquarie in a note issued to investors on Wednesday. They currently have a $975.00 price target on the stock. Macquarie’s price target points to a potential upside of 21.45% from the stock’s previous close.

Several other analysts also recently weighed in on GOOGL. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a $950.00 price target on shares of Alphabet in a research note on Friday, September 9th. Wedbush downgraded shares of Alphabet from a “neutral” rating to an “underperform” rating and lifted their price target for the company from $7.20 to $800.00 in a research note on Tuesday, September 27th. Susquehanna reissued a “positive” rating and issued a $930.00 price objective on shares of Alphabet in a research note on Monday, July 18th. Jefferies Group reissued a “buy” rating and issued a $925.00 price objective on shares of Alphabet in a research note on Monday, July 18th. Finally, Vetr downgraded shares of Alphabet from a “strong-buy” rating to a “buy” rating and set a $803.74 price objective for the company. in a research note on Monday, July 11th. One analyst has rated the stock with a sell rating, one has given a hold rating, forty-seven have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $926.06.

Analyst Recommendations for Alphabet (NASDAQ:GOOGL)

Alphabet (NASDAQ:GOOGL) traded up 0.52% during mid-day trading on Wednesday, hitting $807.00. The company had a trading volume of 465,255 shares. Alphabet has a 1-year low of $654.49 and a 1-year high of $819.06. The company has a 50 day moving average of $799.87 and a 200 day moving average of $758.88. The firm has a market capitalization of $554.63 billion, a PE ratio of 31.27 and a beta of 1.00.

Alphabet (NASDAQ:GOOGL) last announced its earnings results on Thursday, July 28th. The company reported $8.42 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $8.04 by $0.38. Alphabet had a return on equity of 14.74% and a net margin of 22.00%. Analysts predict that Alphabet will post $34.26 earnings per share for the current fiscal year.

A number of institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Alphabet by 2.1% in the second quarter. Vanguard Group Inc. now owns 18,198,649 shares of the company’s stock worth $12,803,295,000 after buying an additional 375,941 shares during the last quarter. State Street Corp boosted its position in shares of Alphabet by 0.4% in the first quarter. State Street Corp now owns 11,181,006 shares of the company’s stock worth $8,529,984,000 after buying an additional 39,282 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in shares of Alphabet by 1.7% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 7,747,794 shares of the company’s stock worth $5,450,806,000 after buying an additional 129,555 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Alphabet by 0.3% in the second quarter. Bank of New York Mellon Corp now owns 4,096,211 shares of the company’s stock worth $2,881,806,000 after buying an additional 14,001 shares during the last quarter. Finally, BlackRock Fund Advisors boosted its position in shares of Alphabet by 2.5% in the second quarter. BlackRock Fund Advisors now owns 3,829,095 shares of the company’s stock worth $2,693,883,000 after buying an additional 93,453 shares during the last quarter. Institutional investors own 34.12% of the company’s stock.

Alphabet Company Profile

Alphabet Inc is a holding company. The Company holds interests in Google Inc (Google). The Company’s segments include Google and Other Bets. Google segment includes Internet products, such as Search, Ads, Commerce, Maps, YouTube, Apps, Cloud, Android, Chrome, Google Play, and hardware products, including Chromecast, Chromebooks and Nexus, which are sold by the Company.

5 Day Chart for NASDAQ:GOOGL

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